Super Spinning Mills Limited has informed the Exchange about Sale or disposal

Strategic Transactions View source PDF Explain this filing

SUPERSPIN · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹9.90

prior close

₹10.08

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.8%+0.9% vs market

Other Textile Products peers, median of 169sector-1.5%+0.6% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.9-1.8+0.9-1.5+0.6

Next day

+1.9-1.5+3.5-1.1+3.1

-0.5-1.3+0.8-2.0+1.5

+2.0-0.8+2.8-0.8+2.8

+3.4+1.1+2.3-0.1+3.5

+11.4+1.1+10.3-0.3+11.7

+6.3+2.5+3.7+0.6+5.7

15d

+4.9+3.2+1.8+1.7+3.2

+2.9+4.1-1.2+2.7+0.2

-0.2+0.5-0.7-4.6+4.4

-4.6+2.8-7.4-3.4-1.2

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 169Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board of Super Spinning Mills has approved selling, leasing, or otherwise disposing of the land and building at 'Elgi Towers' in Coimbatore, which currently serves as the company's registered and central office. The disposal will be taken to shareholders via a Postal Ballot under Section 180(1)(a) of the Companies Act and SEBI's Regulation 37A. As per FY25 audited numbers, this property contributes Rs. 48.40 lakhs in revenue (7.30%) and Rs. 1,164.36 lakhs to net worth (25%). No buyer has been identified yet, and the company has confirmed the transaction is not a related-party deal and not a slump sale. Consideration will be at or above prevailing market price.

Likely market impact

Shareholders will get to vote on the disposal through a Postal Ballot. While the property is not the core spinning business, it represents a meaningful 25% of the company's net worth, so the eventual sale price and use of proceeds will be important for shareholders to evaluate.